The Stock Market was up again today. .After another mini-money belch yesterday of over 400 points on the exchange, the Market went back up over 400 points today. .Why?? Because of a rumor that made Wall Street happy. Some rumblings going around that the government is going to put together and release a plan for another bailout--this time for the Americans to bail out banks!
No joke, the government may create an entity that will take over banks' bad debt.. Paid for by you and me.

A small group of Republicans are bashing the "bail out mania"..

Bush defends the bailout of AIG..

McCain critical of SEC chairman and said he would fire him! I think I know who Christopher Cox is going to vote for..

Biden and Palin clash over taxes..

Labels: Banks, Economy, News, recession